Magellan Energy is a publicly traded, independent oil and gas company that is actively acquiring oil and gas leases, producing properties, mineral rights, and surface interests in Texas, Tennessee and Oklahoma. Once acquired, the Company intends to develop each property to maximize the income from each property by re-establishing production, refurbishing and improving the existing production and operations of low-volume wells. Currently, the Company is focused on its producing projects in Morgan County, Tennessee.
The combination of energy fuel reserves and advanced yield technologies are anticipated to generate value for Magellan and its stakeholders as the company targets above average growth in the energy sector. Oil and gas-related activities will include acquiring additional properties with potential for increased production in addition to further development and drilling.
Our vision is to maximize shareholder value by enhancing financial performance and providing long-term profitable growth. Exploration and production is the engine of future income and growth. |
